Goldman Sachs Group Inc. Raises Position in Bloom Energy Corporation $BE

Goldman Sachs Group Inc. raised its position in shares of Bloom Energy Corporation (NYSE:BE) by 63.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,026,245 shares of the company’s stock after acquiring an additional 783,040 shares during the period. Goldman Sachs Group Inc.’s holdings in Bloom Energy were worth $176,060,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BE. Bayforest Capital Ltd bought a new stake in shares of Bloom Energy during the first quarter valued at approximately $2,055,000. AQR Capital Management LLC bought a new position in Bloom Energy in the first quarter worth $1,820,000. NewEdge Advisors LLC raised its holdings in Bloom Energy by 674.7% in the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after purchasing an additional 1,626 shares in the last quarter. Focus Partners Wealth lifted its position in Bloom Energy by 30.7% during the first quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock valued at $394,000 after buying an additional 4,716 shares during the period. Finally, First Trust Advisors LP lifted its position in Bloom Energy by 10.9% during the second quarter. First Trust Advisors LP now owns 899,863 shares of the company’s stock valued at $21,525,000 after buying an additional 88,248 shares during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Insider Activity

In related news, insider Satish Chitoori sold 2,111 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $288.24, for a total value of $608,474.64. Following the transaction, the insider directly owned 210,254 shares of the company’s stock, valued at approximately $60,603,612.96. This represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maciej Kurzymski sold 6,229 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $293.36, for a total value of $1,827,339.44. Following the sale, the chief accounting officer owned 81,945 shares in the company, valued at approximately $24,039,385.20. This represents a 7.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 323,777 shares of company stock valued at $71,485,514. Company insiders own 3.00% of the company’s stock.

More Bloom Energy News

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: Bloom Energy continues to benefit from bullish AI infrastructure demand, including reported large-scale fuel-cell deals tied to data centers and comments that the company may be solving a major power bottleneck for AI growth. Bloom Energy’s AI Power Deals Test Valuation And Execution Expectations
• Positive Sentiment: Recent commentary also highlighted that Bloom Energy does not expect to need new capital despite the AI boom, which may reduce dilution concerns. Bloom Energy CEO sees no need to raise capital despite AI boom
• Positive Sentiment: UBS reaffirmed a Buy rating, adding to analyst optimism around Bloom Energy’s growth outlook. Is Bloom Energy (BE) One of the Best Renewable Energy Stocks to Buy According to Billionaires?
• Neutral Sentiment: Bloom Energy was mentioned in a technical piece suggesting the stock may be consolidating after a sharp run, which could simply mean it is digesting gains before its next move. Is Bloom Energy Setting Up For Its Next Move?
• Negative Sentiment: Director John Chambers sold 55,000 shares, a move that can raise caution among investors even though he still retains a large position. John Chambers Sells 55,000 Shares of Bloom Energy (NYSE:BE) Stock
• Negative Sentiment: Some traders are also fading recent optimism and taking profits after the stock’s powerful rally, contributing to short-term weakness. What’s Going On With Bloom Energy Stock Thursday?

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BE shares. Mizuho set a $285.00 target price on shares of Bloom Energy in a research report on Friday, May 1st. Roth Mkm set a $225.00 price target on shares of Bloom Energy in a research report on Wednesday, April 29th. UBS Group boosted their price objective on shares of Bloom Energy to $251.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Jefferies Financial Group upgraded shares of Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 price objective on the stock in a report on Tuesday, April 14th. Finally, Susquehanna raised their target price on shares of Bloom Energy to $293.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $217.48.

Bloom Energy Price Performance

Shares of NYSE:BE opened at $265.01 on Monday. The business has a fifty day moving average price of $234.12 and a 200-day moving average price of $166.33. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10. The company has a market capitalization of $75.38 billion, a PE ratio of -5,299.16 and a beta of 3.73. Bloom Energy Corporation has a 1-year low of $20.81 and a 1-year high of $322.83.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.12 by $0.32. The company had revenue of $751.05 million for the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. Bloom Energy’s revenue for the quarter was up 130.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, equities analysts expect that Bloom Energy Corporation will post 1.31 EPS for the current fiscal year.

About Bloom Energy

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.